Will it hold o break? Only time...!
Hi traders!!
Market remains bullish weekly according to the market structure as well as the harmonic pattern, agreed. However, bearish still in control 4h evidence by significant buyers exhaustion landed on support. DXY seemed to break structure to the upside which indicates that probability of it continuing long in a future. According to the Gold, it’s resisting from the probable weekly order block, which in-tells a vast informational that should be respected. In view of these confluences, if market continue to weekly end below the support, hence indicates the probable of market diving deeply to the down side in near future. Keep close monitoring.
Market remains bullish weekly according to the market structure as well as the harmonic pattern, agreed. However, bearish still in control 4h evidence by significant buyers exhaustion landed on support. DXY seemed to break structure to the upside which indicates that probability of it continuing long in a future. According to the Gold, it’s resisting from the probable weekly order block, which in-tells a vast informational that should be respected. In view of these confluences, if market continue to weekly end below the support, hence indicates the probable of market diving deeply to the down side in near future. Keep close monitoring.
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